Worku Mekonnnen (PhD)Nahom Tesfaye2024-01-292024-01-292023-06https://etd.aau.edu.et/handle/123456789/1582This paper has assessed and provided an overview of the project risk management practices of Commercial Bank of Ethiopia’s Building Construction projects. The project’s risk management practice was assessed by distributing well-articulated questioner that was modelled from the literature review to Commercial Bank of Ethiopia’s Building Construction Management department. A descriptive study was opted for this research paper. A total of 34 questioners was filled among the professionals working at the department via google form. The obtained data was quantitively analyzed with the aid of SPSS 27.0.1. From the quantitative data that was gathered it was observed that the department doesn’t have a dedicated staff that deals with managing risks nor does it follow written guidelines or manuals to carry out the risk management process. There was a gap that was found among the respondents regarding the complete understanding of risk management and staffs are hesitant to regularly update management about potential risks. Besides that, the finding also pointed out the risk management process isn’t treated as a continuous process rather it is subjected to various discontinuities mainly at-risk identification stage. In addition, it was observed that labor, material and equipment availability; defective design; inflation and changes in prices; contractors' incompetence; war threats and political instability and lack of consultant experience are the significant risk factors in terms of their impact on the department building projects. The research was also able to find out the preferred risk response strategy of the department which is risk mitigation and the overall go to for risk attitude is risk averse which demonstrates the conservative nature of the department towards risks. The findings generally show that risk management process has been tried to be implemented to some degree, lagging well behind the consistency the literature review suggests. Commercial Bank of Ethiopia’s Building Construction Management department should treat risk management practice as a continuous process, provide training to the staff, enlist the help of bank’s other divisions to set up well articulated risk management practice policy and adhere to it are some of the suggestions forwarded to lessen the gap seen in fully implementing risk management practiceen-USRiskThesis